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Tap into practical strategies and information to help enhance the way you manage your business.
This information is intended for financial services professionals only. Potential investors should not use this for the purposes of making a decision about financial products or services.
This information is intended for financial services professionals only. Potential investors should not use this for the purposes of making a decision about financial products or services.
In October 2023, BT hosted Australian financial advisers on a study tour of the United Kingdom. The five-day trip included meetings with a range of advisers, investors and industry bodies. Below you’ll find a series of short articles and podcasts which dive into some of the key themes that emerged from the trip.
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Our best currency is contact. It’s self-evident for financial advisers, but that doesn’t mean advisers spend enough time staying in touch with clients.
Advisers should be looking for every opportunity to talk to clients, and that means more than normal scheduled reviews. There needs to be constant contact that adds value.
There is a recognition in the United Kingdom, like Australia, that scale is key to success in financial planning. As a result, there is a rush to consolidate, including business succession. A well-thought through succession plan will often result in a higher multiple, ultimately being paid for a business.
While some firms expand via acquisition, others do it more organically, through networking, connecting with professional introducers and centres of influences. Edinburgh-based Carbon Financial is one such organisation.
What is the intersection between the Code of Conduct and managed accounts? How can managed accounts help make an advice practice more compliant? And what happens if it costs more? Can it still meet best interest? In this session Bryan Ashenden, BT’s Head of Financial Literacy and Brett Sanders, CEO of Philo Capital Advisers will explore the role managed accounts can play in helping advice practices stay compliant and why you may have a problem if you’re not thinking about it.
The cost of providing advice continues to increase. Accordingly, advice practices are looking to solutions such as managed accounts to deliver efficiencies and manage growing cost pressures. Many of those that make the transition to managed accounts have never been more satisfied – how have they done it? There’s much to be learned from practices who have been through the journey, and in this session, you’ll hear firsthand how other advisers have successfully transformed their practice and strengthened client relationships by adopting managed accounts.
There is general acceptance these days of the role managed accounts can play in driving efficiencies in advice practices but how does that play out in terms of your acquisition and succession goals? This session will explore the commercial impacts of introducing managed accounts to your practice and reframe how to think about business growth. Plus, you will hear firsthand how one advice practice has successfully driven commercial outcomes for their practice by adopting a managed accounts model.
All firms in the UK study tour talked about the use of technology. While most agree technology is beneficial within firms, its aptitude for some client segments is greater than others.
In October 2023, BT hosted Australian financial advisers on a study tour of the United Kingdom. The five-day trip included meetings with a range of advisers, investors and industry bodies. Below you’ll find a series of short articles and podcasts which dive into some of the key themes that emerged from the trip.
Kamal Sarma, an expert in the field of resilience and a former monk, shares five simple but powerful strategies to help advisers build resilience to business and personal stress.
The power of perspective - Another resilience-building strategy from Kamal Sarma. Find out how to focus on the things that matter today and stop stressing about the rest.
Another resilience-building strategy from Kamal Sarma. Find out how to create more meaning in your life and be better equipped to face life’s challenges.
Adviser numbers have been reducing since 2018 and dropped below 16,000 in October 2022 as many are suffering from ‘change fatigue’ and in desperate need of inspiration and the confidence to implement different business strategies. Yet there are also many firms that are growing from strength to strength, seizing the opportunity to innovate and achieve their business aspirations.